How do you best plan for your financial future? Reuters Personal Finance Editor Lauren Young serves up a checklist of money milestones to follow through every decade of your life.
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-- forcing events can definitely Iraq financial plan but it's certainly helps to know where you should be on the road to financial stability here money milestones for every ancient how many have you met. -- In your twenties and learn to live on a -- get that payment plan in order for the student long. Open up an IRA into your own taxes at least one. If you're thirty keep socking money into those retirement. I house and if you kids put money into a 529 college savings plan. When you hit your forties and Max out. Not your credit cards to your contributions to your retirement account. You should not set an investment account and have regular money going into it every month in your fifties pay off your debts except for maybe a lower rate mortgages. Read up on Social Security Medicare and your pension benefit. Sixty is when you start collecting Social Security. But you might -- part time -- to supplement your income. It's also time to cash in on the seniors discounts you've earned it -- seven -- if finances are tight. You've got to cut back on spending but it got a lot of money pitcher stay in order. In your raises time to downsize pass along family heirloom donate money to charity but don't skimp on the help you -- everything from hearing -- -- -- house. In your ninety's higher -- even if you don't need it spend time the people who matter and spend money on whatever makes you happy.
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